Ripple Backs Institutional RLUSD Credit Fund With Clearpool and Cicada

Ripple is backing a new institutional credit fund that will lend its RLUSD stablecoin to fintech and payments companies on the XRP Ledger, alongside lending platform Clearpool and credit manager Cicada Partners, per a release shared with CoinDesk.

How the fund will work The fund will provide working-capital loans denominated in RLUSD, with Cicada sourcing borrowers, setting loan terms and monitoring credit risk.

Clearpool is building the infrastructure used to create and manage the lending pools, while Ripple provides capital as an investor alongside other institutions. Neither the size of the fund nor Ripple’s commitment was disclosed.

Cicada says it has underwritten more than $860 million of credit and will act as both fund general partner and credit-pool manager. Clearpool says it has facilitated more than $930 million of institutional loans since 2021.